Lithos Group (NEOE:LITS) Long-Term Capital Lease Obligation : C$0.00 Mil (As of Jan. 2024)

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What is Lithos Group Long-Term Capital Lease Obligation?

Lithos Group's Long-Term Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil.

Lithos Group's quarterly Long-Term Capital Lease Obligation increased from Jul. 2023 (C$0.00 Mil) to Oct. 2023 (C$0.01 Mil) but then declined from Oct. 2023 (C$0.01 Mil) to Jan. 2024 (C$0.00 Mil).

Lithos Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Lithos Group's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lithos Group Long-Term Capital Lease Obligation Chart

Lithos Group Annual Data

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Long-Term Capital Lease Obligation

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Lithos Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	0.01	-

Lithos Group (NEOE:LITS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Lithos Group (NEOE:LITS) Business Description

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LITSF:USA

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.lithostechnology.com

Lithos Energy Ltd Formerly Alchemist Mining Inc is developing a portfolio of high-quality domestic brine assets with time and cost efficient go-to-market, mitigating risk and locating near existing production areas.

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